Fresh Graduate Training Program

MBA Sponsorship

Job Opportunities at the World Bank Group

Training Programs

We believe in developing professionals that are versatile, knowledgeable and equipped for the future. A culture of learning and development is at the core of our values as our role is not limited to providing for future generations but also their empowerment. KIA offers a wide range of training programs for nationals at various stages in their careers ensuring individuals are capable of driving change and are in command of their own future.

Fresh Graduate Training Program

KIA’s Fresh Graduate Training Program is an eleven-month program that combines practical classroom learning with workplace training to prepare fresh graduates for a successful career in the finance sector.

The program was the first of its kind when conceived in 1995, and continues to be held in the highest esteem by local and international financial institutions with more than 600 alumni, many of whom have gone on to pursue highly successful careers in Kuwait and across the globe. 

The program seeks to provide participants with a strong and comprehensive foundational knowledge of the most important financial competencies and concepts to confidentially enter the workplace with the required skills to succeed. The program is unique in its delivery method, using a combination of highly regarded professional training providers, as well as practicing finance professionals from the most prestigious global financial institutions, ensuring graduates learn not only the theory, but also how it is applied in practice.

The program structure aims to give participants exposure to a broad range of disciplines and skills to support more informed decision making as to which path they may seek to choose.

The program is designed to provide a truly global understanding of the most relevant skills and knowledge for aspiring finance professionals, whether seeking to work in Kuwait or internationally. Therefore, the qualification requirements for the CFA First-Level certificate has been used as a general framework for the scientific and theoretical contents of the program.

The program follows three key phases:

Phase 1: Training Courses at the KIA Training Center in Kuwait

This phase includes several training courses that are organized at KIA’s dedicated training center, delivered by local and international training institutions, as well as financial institutions with which KIA has a strong relationship. These courses cover subjects such as:  investments, economics, accounting, financial and administrations skills.

Phase 2: International Assignment

This is an on-the-job training phase with reputed international financial institutions located across the multiple financial capitals. Lasting for ten weeks, trainees acquire practical experience and critical skills in the investment and financial areas as a result of their exposure to institutions operating in global markets.

Phase 3: On-the-job training at KIA

This is an on-the-job training in Kuwait, designed to provide trainees with experience of the activities of Kuwait Investment Authority and the markets in which it operates.

Upon completion of the program, graduates will have experienced first-hand the operations of a major financial institution through the ten-week international assignment, as well as the opportunity to spend four weeks at the Kuwait Investment Authority to gain a greater understanding of the range of activities undertaken by financial institutions.

The combination of such practical experience with sound knowledge of core finance sector skills and topics gives graduates the ability to make a truly informed decision about the type of career path they may wish to pursue.

The program is designed for high-performing nationals with aspirations to pursue a career in finance. We pursue the highest caliber graduate trainees, and encourage applications from a range of quantitative disciplines; all applicants fulfilling the following criteria are invited to apply:

  • Kuwaiti national.
  • No older than 26 years of age at date of application.
  • A Bachelors degree in a qualifying subject which is recognized by the Kuwait Ministry of Higher Education awarded no later than two years prior to date of application, or not more than three years if you obtained a master’s degree. The bachelor’s major must be from one of the following colleges:
  1.   The College of Business Administration in all specializations.
  2. The College of Engineering and Petroleum in all specializations.
  3. The College of Sciences specialization (Mathematics)
  • A certified GPA of 3.0 or higher (or equivalent*).
  • Applicants should not be employed by any other entity once accepted in the program.
  • A certified GMAT score no less than 360, taken within the last 5 years.
  • Proficient in Arabic and English (reading, writing, conversational).
  • Prepared to travel internationally for ten weeks during the program for the International Assignment.
  • All Business Majors
  • All Engineering Majors 
  • Mathematics
  • Computer Science  
  • Science (excluding social sciences, healthcare, geography or geology)

To apply click here

What is the Financial Test? 

The Financial Test is a multiple-choice test designed to provide a specific understanding of the applicant’s existing level of knowledge of finance topics. The test lasts for 30 minutes and is taken at a designated test center.

The following questions provide an indicative sample of the type of questions applicants should expect to be able to answer:

 

Select the correct answer to complete the statement:

 

1. A great deal of financial  theory is based on the concept of free markets and in particular the theory of:

a. perfect competition

b. Monopolistic competition

c. Monopoly

d. Oligopoly

 

2. Which of the following is a legitimate reason why firm value maximization is preferred to profit maximization as the ideal goal for the firm? 

a. Value takes account of both profit and cash flow

b. Value of discounted cash flow is less ambiguous than profit

c. Value takes account of depreciation

d. Profit is too concerned with the longer term

 

3. What is the stakeholder view of the firm?

a. Shareholders should eventually be returned their stake in the firm

b. The firm must honor its wider social obligations as well as making money

c. The only obligation on the firm is to maximize profit 

d. The firm exists to maximize return

 

4. Mark whether you believe the following statements to be True or False:

 

1. The main purpose of financial accounting is to keep track of company expenses

True

False

 

2. Revenues are not included as a separate item in the basic accounting equation

True

False

MBA Scholarships

Stemming from its core belief in continued education and the empowerment of Kuwaiti nationals, KIA offers twenty academic scholarships annually to nationals seeking to obtain their Masters in Business Administration (MBA) degree from one of the top ranked universities in the world. During their course of study, students are supervised academically by the Cultural Attaches of the Kuwait Embassy in which they are studying.

  1. The applicant is required to have Kuwaiti Citizenship.
  2. Unconditional admission to the MBA program at one of the universities approved by KIA.
  3. The Dual Degree program is accepted if only Provided that in business administration and the universities included in the list of accredited universities.
  4. Registration in the Academic MBA program not with an Executive MBA (EMBA).
  5. The applicant should not have a scholarship from another source.
  6. The applicant must register as a full-time student.
  7. The applicant should not have an existing MBA degree.
  8. GMAT score should be no less than 600 (only in-center GMAT tests will be accepted, KIA will not accept Online GMAT tests).
  9. Applicant must provide the document at least two months before the start of the school date.
Monthly stipend KWD    1500
Annual book allowance KWD    500
One-Time Computer allowance KWD    500
Annual airline ticket KWD    750
Annual research and scientific journal subscription KWD     50

The student may travel within 30 days of the program starting date and will be entitled to two months’ stipend, 750 KWD airline ticket, 500 KD annual books allowance and 500 KD Computer allowance.

Attendance is allowed at one professional conference during the degree program. The conference must be recommended by the program director of the university and approved by KIA. Students are required to submit a report on the conference to KIA and will be entitled to an economy airline ticket when participating in conferences related to the student’s major.

Upon graduation the student is entitled to a two-months stipends, a 750 KWD airline ticket and 200 KWD for cargo shipment of personal items.

Universities list 2022/2023:

School

Country

University of Pennsylvania, Wharton United States
Colombia Business School United States
INSEAD Business School Only in “France – Paris”
Harvard Business School United States
Northwestern University, Kellogg School of Management United States
Stanford Graduate School of Business United States
University of Chicago, Booth United States
London Business School United Kingdom
Yale School of Management United States
IESE Business School Kingdom of Spain
HEC Paris France
MIT Sloan, School of Management United States
SDA Bocconi School of Management Italy
New York University: Stern United States
University of California Berkeley, Haas United States
Cornell University: Johnson United States
Dartmouth College, Tuck United States
Duke University: Fuqua School of Business United States
University of Virginia, Darden United States
National University of Singapore* Singapore
* تمت اضافتها وذلك بدلاً عن جامعة CIEBS Business School الغير معتمدة لدى الجهاز الوطني للإعتماد الأكاديمي.

School

Country

University of Pennsylvania, Wharton United States
Colombia Business School United States
INSEAD business School Only in “France - Paris”
Harvard Business School United States
Northwestern University, Kellogg School of Management United States
Stanford Graduate School of Business United States
University of Chicago, Booth United States
London Business School United Kingdom
Yale School of Management United States
IESE Business School Kingdom of Spain
HEC Paris France
MIT Sloan, School of Management United States
SDA Bocconi School of Management Italy
New York University: Stern United States
University of California Berkeley, Haas United States
Cornell University: Johnson United States
Dartmouth College, Tuck United States
Duke University: Fuqua School of Business United States
University of Virginia, Darden United States
National University of Singapore Business School* Singapore
* تمت اضافتها وذلك بدلاً عن جامعة CIEBS Business School الغير معتمدة لدى الجهاز الوطني للإعتماد الأكاديمي.

For more information on how to apply, please contact the Training Department at the Kuwait Investment Authority

call: 22227179 or 22227185

or email: Hebah@kia.gov.kw

Job Opportunities at the World Bank Group

In 2004, a Memorandum of Understanding was signed with World Bank as part of KIA’s role in supporting the national development plan of Kuwait. According to the MOU, and based on the available vacancies, the World Bank provides five Kuwaiti nationals annually with a two-year job contract to provide them with the experience in working at one of the world’s leading international financial institutions while contributing to the World Bank’s diversity targets and capacity building efforts. In 2011, mid-career level vacancies were made eligible for Kuwaiti applicants to increase the chances of employing Kuwaitis at the World Bank Group.

KIA bears 100% of the costs of the program in view of the program’s important contribution to the workforce development of Kuwait. This is where the program builds the professional capacity of Kuwaiti youth working in international financial institutions.

Participation is coordinated between KIA and the World Bank. Eligible positions are announced by KIA on a national level. Qualified candidates are nominated by KIA while the bank makes the final hiring decision.

All applicants must meet all job requirements as provided by the World Bank:

  • Master’s degree and a minimum of two years of relevant experience.
  • Fluency in English is essential. Fluency in another World Bank language is desirable (Arabic, Chinese, French, Portuguese, Russian and Spanish).

The Bank makes all final hiring decisions.

For more information on how to apply, please contact the Training Department at the Kuwait Investment Authority: 

22227175 – 22227179

Hebah@kia.gov.kw

or visit the World Bank website on the following link:

https://www.worldbank.org/en/about/careers/programs-and-internships/MNA-fellows-program

Kuwait Automotive Academy

KIA signed an agreement with Daimler AG to establish Kuwait Automotive Academy for the purpose of training Kuwaiti citizens on the latest technologies in the automobile sector. Under this agreement, Daimler will finance the entire academy for a period of three years, and the Kuwait Investment Authority will pay financial rewards to the trainees in the belief that they should encourage this sector in the Kuwaiti economy and its role in supporting national development within Kuwaiti society.

In January 2007, the academy received its first group of trainees. Since its inception, more than 14 groups have received training. The total number of trainees has exceeded the 127 . The academy accepts up to 12 trainees annually for a one-year course.

  • The applicant is required to have Kuwaiti Citizenship.
  • The applicant must register as a full-time student in the Academy.
  • Applicant must be good in English (reading, writing, conversation).
  • Applicants must pass the personal interview and the online English Language test.

Trainees will receive a “Completion Certificate”  as well as an allowance of KWD 3600 after graduation from the Training Program.

Land line: +965-22062872

Mobile: +965-51009446

Email: nadia.fuad.kaa@mailbox.org

IMF Middle East Center for Economics and Finance

The mission of the International Monetary Fund’s Middle East Center for Economics and Finance is to build capacity through hands-on training for policymakers in Arab League countries, as well as to lead conferences, symposia and seminars. The aim is to strengthen the design and implementation of economic policies in the Arab World. The CEF is hosted by the State of Kuwait and financed through KIA. It started operations in 2011 and was officially inaugurated in 2014.

Learn more about the CEF and its programs by visiting their website